Analysis of Reportable Segments
ConocoPhillips operates in 6 segments: Alaska; Lower 48 (L48); Canada; Europe, Middle East and North Africa (EMENA); Asia Pacific (AP); and Other International (OI).
- Segment Profit Margin
- Segment Return on Assets (Segment ROA)
- Segment Asset Turnover
- Segment Capital Expenditures to Depreciation
- Sales and other operating revenues
- Depreciation, depletion, amortization (DD&A)
- Net income (loss) attributable to ConocoPhillips
- Total assets
- Capital expenditures and investments
Segment Profit Margin
ConocoPhillips, profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 20.24% | 25.05% | 29.75% | 25.29% | -21.10% |
| Lower 48 (L48) | 13.98% | 16.89% | 20.81% | 16.83% | -11.37% |
| Canada | 12.63% | 8.25% | 11.59% | 11.23% | -19.57% |
| Europe, Middle East and North Africa (EMENA) | 20.54% | 20.31% | 19.91% | 19.77% | 23.35% |
| Asia Pacific (AP) | 93.34% | 102.51% | 104.99% | 17.56% | 40.71% |
| Other International (OI) | — | — | — | -2,675.00% | -914.29% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Alaska | Alaska segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Lower 48 (L48) | Lower 48 (L48) segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Canada | Canada segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. | |
| Europe, Middle East and North Africa (EMENA) | Europe, Middle East and North Africa (EMENA) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. | |
| Asia Pacific (AP) | Asia Pacific (AP) segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Other International (OI) |
Segment Profit Margin: Alaska
ConocoPhillips; Alaska; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 1,326) | 1,778) | 2,352) | 1,386) | (719) |
| Sales and other operating revenues | 6,553) | 7,098) | 7,905) | 5,480) | 3,408) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 20.24% | 25.05% | 29.75% | 25.29% | -21.10% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 1,326 ÷ 6,553 = 20.24%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Alaska | Alaska segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Lower 48 (L48)
ConocoPhillips; Lower 48 (L48); segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 5,175) | 6,461) | 11,015) | 4,932) | (1,122) |
| Sales and other operating revenues | 37,028) | 38,244) | 52,921) | 29,306) | 9,872) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 13.98% | 16.89% | 20.81% | 16.83% | -11.37% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 5,175 ÷ 37,028 = 13.98%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Lower 48 (L48) | Lower 48 (L48) segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Canada
ConocoPhillips; Canada; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 712) | 402) | 714) | 458) | (326) |
| Sales and other operating revenues | 5,636) | 4,873) | 6,159) | 4,077) | 1,666) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 12.63% | 8.25% | 11.59% | 11.23% | -19.57% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 712 ÷ 5,636 = 12.63%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Canada | Canada segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 exceeding 2022 level. |
Segment Profit Margin: Europe, Middle East and North Africa (EMENA)
ConocoPhillips; Europe, Middle East and North Africa (EMENA); segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 1,189) | 1,189) | 2,244) | 1,167) | 448) |
| Sales and other operating revenues | 5,788) | 5,854) | 11,271) | 5,902) | 1,919) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 20.54% | 20.31% | 19.91% | 19.77% | 23.35% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 1,189 ÷ 5,788 = 20.54%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Europe, Middle East and North Africa (EMENA) | Europe, Middle East and North Africa (EMENA) segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Asia Pacific (AP)
ConocoPhillips; Asia Pacific (AP); segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 1,724) | 1,961) | 2,736) | 453) | 962) |
| Sales and other operating revenues | 1,847) | 1,913) | 2,606) | 2,579) | 2,363) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 93.34% | 102.51% | 104.99% | 17.56% | 40.71% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × 1,724 ÷ 1,847 = 93.34%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Asia Pacific (AP) | Asia Pacific (AP) segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Other International (OI)
ConocoPhillips; Other International (OI); segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | (1) | (13) | (51) | (107) | (64) |
| Sales and other operating revenues | —) | —) | —) | 4) | 7) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | — | — | — | -2,675.00% | -914.29% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment profit margin = 100 × Net income (loss) attributable to ConocoPhillips ÷ Sales and other operating revenues
= 100 × -1 ÷ 0 = —
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Other International (OI) |
Segment Return on Assets (Segment ROA)
ConocoPhillips, ROA by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 7.35% | 10.99% | 15.55% | 9.36% | -4.92% |
| Lower 48 (L48) | 7.73% | 15.23% | 25.65% | 11.83% | -9.40% |
| Canada | 7.48% | 3.91% | 10.24% | 6.16% | -4.75% |
| Europe, Middle East and North Africa (EMENA) | 12.17% | 14.16% | 27.16% | 12.79% | 5.12% |
| Asia Pacific (AP) | 20.55% | 22.03% | 28.77% | 4.60% | 8.57% |
| Other International (OI) | -12.50% | — | — | -10,700.00% | -28.32% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Alaska | Alaska segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Lower 48 (L48) | Lower 48 (L48) segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Canada | Canada segment ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. | |
| Europe, Middle East and North Africa (EMENA) | Europe, Middle East and North Africa (EMENA) segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Asia Pacific (AP) | Asia Pacific (AP) segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Other International (OI) |
Segment ROA: Alaska
ConocoPhillips; Alaska; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 1,326) | 1,778) | 2,352) | 1,386) | (719) |
| Total assets | 18,030) | 16,174) | 15,126) | 14,812) | 14,623) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 7.35% | 10.99% | 15.55% | 9.36% | -4.92% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 1,326 ÷ 18,030 = 7.35%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Alaska | Alaska segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Lower 48 (L48)
ConocoPhillips; Lower 48 (L48); segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 5,175) | 6,461) | 11,015) | 4,932) | (1,122) |
| Total assets | 66,977) | 42,415) | 42,950) | 41,699) | 11,932) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 7.73% | 15.23% | 25.65% | 11.83% | -9.40% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 5,175 ÷ 66,977 = 7.73%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Lower 48 (L48) | Lower 48 (L48) segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Canada
ConocoPhillips; Canada; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 712) | 402) | 714) | 458) | (326) |
| Total assets | 9,513) | 10,277) | 6,971) | 7,439) | 6,863) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 7.48% | 3.91% | 10.24% | 6.16% | -4.75% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 712 ÷ 9,513 = 7.48%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Canada | Canada segment ROA deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Segment ROA: Europe, Middle East and North Africa (EMENA)
ConocoPhillips; Europe, Middle East and North Africa (EMENA); segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 1,189) | 1,189) | 2,244) | 1,167) | 448) |
| Total assets | 9,770) | 8,396) | 8,263) | 9,125) | 8,756) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 12.17% | 14.16% | 27.16% | 12.79% | 5.12% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 1,189 ÷ 9,770 = 12.17%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Europe, Middle East and North Africa (EMENA) | Europe, Middle East and North Africa (EMENA) segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Asia Pacific (AP)
ConocoPhillips; Asia Pacific (AP); segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | 1,724) | 1,961) | 2,736) | 453) | 962) |
| Total assets | 8,390) | 8,903) | 9,511) | 9,840) | 11,231) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 20.55% | 22.03% | 28.77% | 4.60% | 8.57% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × 1,724 ÷ 8,390 = 20.55%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Asia Pacific (AP) | Asia Pacific (AP) segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Other International (OI)
ConocoPhillips; Other International (OI); segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Net income (loss) attributable to ConocoPhillips | (1) | (13) | (51) | (107) | (64) |
| Total assets | 8) | —) | —) | 1) | 226) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | -12.50% | — | — | -10,700.00% | -28.32% |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment ROA = 100 × Net income (loss) attributable to ConocoPhillips ÷ Total assets
= 100 × -1 ÷ 8 = -12.50%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Other International (OI) |
Segment Asset Turnover
ConocoPhillips, asset turnover by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 0.36 | 0.44 | 0.52 | 0.37 | 0.23 |
| Lower 48 (L48) | 0.55 | 0.90 | 1.23 | 0.70 | 0.83 |
| Canada | 0.59 | 0.47 | 0.88 | 0.55 | 0.24 |
| Europe, Middle East and North Africa (EMENA) | 0.59 | 0.70 | 1.36 | 0.65 | 0.22 |
| Asia Pacific (AP) | 0.22 | 0.21 | 0.27 | 0.26 | 0.21 |
| Other International (OI) | 0.00 | — | — | 4.00 | 0.03 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Alaska | Alaska segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Lower 48 (L48) | Lower 48 (L48) segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Canada | Canada segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Europe, Middle East and North Africa (EMENA) | Europe, Middle East and North Africa (EMENA) segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Asia Pacific (AP) | Asia Pacific (AP) segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Other International (OI) |
Segment Asset Turnover: Alaska
ConocoPhillips; Alaska; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 6,553) | 7,098) | 7,905) | 5,480) | 3,408) |
| Total assets | 18,030) | 16,174) | 15,126) | 14,812) | 14,623) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.36 | 0.44 | 0.52 | 0.37 | 0.23 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= 6,553 ÷ 18,030 = 0.36
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Alaska | Alaska segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Lower 48 (L48)
ConocoPhillips; Lower 48 (L48); segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 37,028) | 38,244) | 52,921) | 29,306) | 9,872) |
| Total assets | 66,977) | 42,415) | 42,950) | 41,699) | 11,932) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.55 | 0.90 | 1.23 | 0.70 | 0.83 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= 37,028 ÷ 66,977 = 0.55
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Lower 48 (L48) | Lower 48 (L48) segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Canada
ConocoPhillips; Canada; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 5,636) | 4,873) | 6,159) | 4,077) | 1,666) |
| Total assets | 9,513) | 10,277) | 6,971) | 7,439) | 6,863) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.59 | 0.47 | 0.88 | 0.55 | 0.24 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= 5,636 ÷ 9,513 = 0.59
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Canada | Canada segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Asset Turnover: Europe, Middle East and North Africa (EMENA)
ConocoPhillips; Europe, Middle East and North Africa (EMENA); segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 5,788) | 5,854) | 11,271) | 5,902) | 1,919) |
| Total assets | 9,770) | 8,396) | 8,263) | 9,125) | 8,756) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.59 | 0.70 | 1.36 | 0.65 | 0.22 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= 5,788 ÷ 9,770 = 0.59
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Europe, Middle East and North Africa (EMENA) | Europe, Middle East and North Africa (EMENA) segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Asia Pacific (AP)
ConocoPhillips; Asia Pacific (AP); segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | 1,847) | 1,913) | 2,606) | 2,579) | 2,363) |
| Total assets | 8,390) | 8,903) | 9,511) | 9,840) | 11,231) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.22 | 0.21 | 0.27 | 0.26 | 0.21 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= 1,847 ÷ 8,390 = 0.22
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Asia Pacific (AP) | Asia Pacific (AP) segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Asset Turnover: Other International (OI)
ConocoPhillips; Other International (OI); segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenues | —) | —) | —) | 4) | 7) |
| Total assets | 8) | —) | —) | 1) | 226) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.00 | — | — | 4.00 | 0.03 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenues ÷ Total assets
= 0 ÷ 8 = 0.00
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Other International (OI) |
Segment Capital Expenditures to Depreciation
ConocoPhillips, capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 2.46 | 1.61 | 1.16 | 0.98 | 1.04 |
| Lower 48 (L48) | 1.01 | 1.13 | 1.16 | 0.77 | 0.56 |
| Canada | 0.86 | 1.09 | 1.32 | 0.52 | 1.90 |
| Europe, Middle East and North Africa (EMENA) | 1.34 | 1.89 | 1.36 | 0.62 | 0.77 |
| Asia Pacific (AP) | 0.87 | 0.78 | 3.63 | 0.26 | 0.47 |
| Other International (OI) | — | — | — | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Alaska | Alaska segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Lower 48 (L48) | Lower 48 (L48) segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Canada | Canada segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Europe, Middle East and North Africa (EMENA) | Europe, Middle East and North Africa (EMENA) segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. | |
| Asia Pacific (AP) | Asia Pacific (AP) segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Other International (OI) |
Segment Capital Expenditures to Depreciation: Alaska
ConocoPhillips; Alaska; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures and investments | 3,194) | 1,705) | 1,091) | 982) | 1,038) |
| Depreciation, depletion, amortization (DD&A) | 1,299) | 1,061) | 939) | 1,002) | 996) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 2.46 | 1.61 | 1.16 | 0.98 | 1.04 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, depletion, amortization (DD&A)
= 3,194 ÷ 1,299 = 2.46
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Alaska | Alaska segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Lower 48 (L48)
ConocoPhillips; Lower 48 (L48); segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures and investments | 6,510) | 6,487) | 5,630) | 3,129) | 1,881) |
| Depreciation, depletion, amortization (DD&A) | 6,442) | 5,722) | 4,865) | 4,067) | 3,358) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.01 | 1.13 | 1.16 | 0.77 | 0.56 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, depletion, amortization (DD&A)
= 6,510 ÷ 6,442 = 1.01
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Lower 48 (L48) | Lower 48 (L48) segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Canada
ConocoPhillips; Canada; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures and investments | 551) | 456) | 530) | 203) | 651) |
| Depreciation, depletion, amortization (DD&A) | 639) | 420) | 402) | 392) | 342) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.86 | 1.09 | 1.32 | 0.52 | 1.90 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, depletion, amortization (DD&A)
= 551 ÷ 639 = 0.86
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Canada | Canada segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Europe, Middle East and North Africa (EMENA)
ConocoPhillips; Europe, Middle East and North Africa (EMENA); segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures and investments | 1,021) | 1,111) | 998) | 534) | 600) |
| Depreciation, depletion, amortization (DD&A) | 761) | 587) | 736) | 862) | 775) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.34 | 1.89 | 1.36 | 0.62 | 0.77 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, depletion, amortization (DD&A)
= 1,021 ÷ 761 = 1.34
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Europe, Middle East and North Africa (EMENA) | Europe, Middle East and North Africa (EMENA) segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Asia Pacific (AP)
ConocoPhillips; Asia Pacific (AP); segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures and investments | 370) | 354) | 1,880) | 390) | 384) |
| Depreciation, depletion, amortization (DD&A) | 425) | 455) | 518) | 1,483) | 809) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 0.87 | 0.78 | 3.63 | 0.26 | 0.47 |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, depletion, amortization (DD&A)
= 370 ÷ 425 = 0.87
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Asia Pacific (AP) | Asia Pacific (AP) segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Other International (OI)
ConocoPhillips; Other International (OI); segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Capital expenditures and investments | —) | —) | —) | 33) | 121) |
| Depreciation, depletion, amortization (DD&A) | —) | —) | —) | —) | —) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | — | — | — | — | — |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
1 2024 Calculation
Segment capital expenditures to depreciation = Capital expenditures and investments ÷ Depreciation, depletion, amortization (DD&A)
= 0 ÷ 0 = —
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Other International (OI) |
Sales and other operating revenues
ConocoPhillips, sales and other operating revenues by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 6,553) | 7,098) | 7,905) | 5,480) | 3,408) |
| Lower 48 (L48) | 37,028) | 38,244) | 52,921) | 29,306) | 9,872) |
| Canada | 5,636) | 4,873) | 6,159) | 4,077) | 1,666) |
| Europe, Middle East and North Africa (EMENA) | 5,788) | 5,854) | 11,271) | 5,902) | 1,919) |
| Asia Pacific (AP) | 1,847) | 1,913) | 2,606) | 2,579) | 2,363) |
| Other International (OI) | —) | —) | —) | 4) | 7) |
| Corporate and Other | 54) | 63) | 122) | 75) | 18) |
| Consolidated | 56,906) | 58,045) | 80,984) | 47,423) | 19,253) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Depreciation, depletion, amortization (DD&A)
ConocoPhillips, depreciation, depletion, amortization (dd&a) by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 1,299) | 1,061) | 939) | 1,002) | 996) |
| Lower 48 (L48) | 6,442) | 5,722) | 4,865) | 4,067) | 3,358) |
| Canada | 639) | 420) | 402) | 392) | 342) |
| Europe, Middle East and North Africa (EMENA) | 761) | 587) | 736) | 862) | 775) |
| Asia Pacific (AP) | 425) | 455) | 518) | 1,483) | 809) |
| Other International (OI) | —) | —) | —) | —) | —) |
| Corporate and Other | 33) | 25) | 44) | 76) | 54) |
| Consolidated | 9,599) | 8,270) | 7,504) | 7,882) | 6,334) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Net income (loss) attributable to ConocoPhillips
ConocoPhillips, net income (loss) attributable to conocophillips by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 1,326) | 1,778) | 2,352) | 1,386) | (719) |
| Lower 48 (L48) | 5,175) | 6,461) | 11,015) | 4,932) | (1,122) |
| Canada | 712) | 402) | 714) | 458) | (326) |
| Europe, Middle East and North Africa (EMENA) | 1,189) | 1,189) | 2,244) | 1,167) | 448) |
| Asia Pacific (AP) | 1,724) | 1,961) | 2,736) | 453) | 962) |
| Other International (OI) | (1) | (13) | (51) | (107) | (64) |
| Corporate and Other | (880) | (821) | (330) | (210) | (1,880) |
| Consolidated | 9,245) | 10,957) | 18,680) | 8,079) | (2,701) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Total assets
ConocoPhillips, total assets by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 18,030) | 16,174) | 15,126) | 14,812) | 14,623) |
| Lower 48 (L48) | 66,977) | 42,415) | 42,950) | 41,699) | 11,932) |
| Canada | 9,513) | 10,277) | 6,971) | 7,439) | 6,863) |
| Europe, Middle East and North Africa (EMENA) | 9,770) | 8,396) | 8,263) | 9,125) | 8,756) |
| Asia Pacific (AP) | 8,390) | 8,903) | 9,511) | 9,840) | 11,231) |
| Other International (OI) | 8) | —) | —) | 1) | 226) |
| Corporate and Other | 10,092) | 9,759) | 11,008) | 7,745) | 8,987) |
| Consolidated | 122,780) | 95,924) | 93,829) | 90,661) | 62,618) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).
Capital expenditures and investments
ConocoPhillips, capital expenditures and investments by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Alaska | 3,194) | 1,705) | 1,091) | 982) | 1,038) |
| Lower 48 (L48) | 6,510) | 6,487) | 5,630) | 3,129) | 1,881) |
| Canada | 551) | 456) | 530) | 203) | 651) |
| Europe, Middle East and North Africa (EMENA) | 1,021) | 1,111) | 998) | 534) | 600) |
| Asia Pacific (AP) | 370) | 354) | 1,880) | 390) | 384) |
| Other International (OI) | —) | —) | —) | 33) | 121) |
| Corporate and Other | 472) | 1,135) | 30) | 53) | 40) |
| Consolidated | 12,118) | 11,248) | 10,159) | 5,324) | 4,715) |
Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).